Great move! Merz is picking up on a proposal his predecessor as party leader Annegret Kramp-Karrenbauer suggested to him in our pages back in May ip-quarterly.com/en/op-ed-how...

One of the most important charts in the world - from Rush Doshi in the New York Times. Without its allies, the United States is woefully behind China in metrics of raw economic power. Too bad the US president does not seem to get it. 1/

NEW EPISODE OUT NOW! Today David talks to @leaypi.bsky.social about her new book 'Indignity: A Life Reimagined'. A conversation about death and displacement, identity and betrayal, secrecy and salvation. Find us at...🎧 ppfideas.com

Absolutely fantastic piece on the interfaces between climate risk and insurance in the Polycrisis newsletter today, by @70sbachchan.bsky.social and @katemac.bsky.social Not a doom loop, but “communities of fate” and the moral economy of the welfare state. www.phenomenalworld.org/analysis/ins...

Great speech on the foundational role of the rule of law for Europe and the Euro

on.ft.com/4lZ4i7X France’s curse and Bayrou’s political suicide

France must get creative to confront its fiscal deficit— As he has done in the past, Macron should force Bayrou to carry on his obligations temporarily as a caretaker and… www.ft.com/content/1f8d... @shahinvallee.bsky.social @financialtimes.com

on.ft.com/3JtO0X9 France must get creative to confront its fiscal deficit

For reasons, checking in on foreign official holdings of US treasuries at the Fed. Now down $100 billion since 'Liberation day'. Note: That latest data point with the biggest weekly drop yet is from *before* Trump's attempted firing of the Fed governor. Next release will be interesting (Thursday).

« Le monde ne nous regarde pas avec bienveillance : il n’attend pas la lenteur de nos rituels communautaires pour nous imposer sa force. [Il] exige de nous une transformation radicale. » Un nouvel avertissement salubre de Mario Draghi, via le @grandcontinent.bsky.social.

This is outstanding. God knows what Labour is doing: legitimising the racism that'll be its undoing, losing the coalition which put it in office, trying to secure voters who will never support it, digging its own moral grave. observer.co.uk/news/opinion...

“Europe is risking its political soul. It has put itself in a situation in which leaders cannot say publicly what they are actually trying to do. That is a recipe for distrust and a poison for democracy” on.ft.com/3HH41Ze

🪧 Le 17 août 2025, des dizaines de milliers d’Israéliens étaient rassemblés pour demander la fin de la guerre. Mais qu'en est-il du sort des #palestiniens ? 👉 Quelques réponses avec Denis Charbit, politiste, Sylvaine Bulle, sociologue et Elad Lapidot, professeur d'études hébraïques

"Even if the 'window of opportunity' for a more profound Social Europe had been grasped in the 1970s, how different would it have turned out to be?" From 2023, Neil Warner reviews Social Europe, The Road not Taken, by Aurélie Dianara Andry

Spot-on by Gilles Gressani (@grandcontinent.bsky.social‬): "Europe’s submission [...] amounts to the rejection of any substantial autonomy in exchange for protection." www.ft.com/content/0fa0...

On Monday, join us for: ARGENTINA’S DEBT TRAP A discussion on Argentina, debt, and the IMF with: Julia Strada, Chris Marsh, ‪@nakedkeynes.bsky.social‬, Hernan Letcher, and Maria Haro Sly. Register here: bit.ly/argentina-fmi Below, a 🧵 on relevant pieces from the archive—

1/ Trump's recent trade agreements with allies are revealing significant interpretation gaps. From Japan to South Korea to the EU, these deals lack formal documentation, creating ongoing disputes over fundamental terms.

Peut-on sortir de la civilisation du #plastique ? Une émission à réécouter sur le site france culture.

"While EDIP and SAFE represent the EU's most ambitious defense industrial initiatives to date, their design reveals the persistence of the same fundamental contradictions that have shaped European defense policy for over seven decades."

My first paper of my dissertation 'Patrimonial Relations. Kinship, capital and conflict in super-rich Families' is out now on open access! Here I discuss how super-rich families use relational work on affective family ties as an economic resource. @bupjournals.bsky.social

« La fête est un moment de désordre organisé », d'après Philippe Steiner. 👉 Vous pouvez réécouter l'émission de vendredi « Où va la fête ? » avec Philippe Steiner, Emmanuelle Lallement et Alexandre Grondeau sur le site de France Culture.

Fascinating look at the air battle between India and Pakistan, which involved over a hundred planes and amounts to the Kursk of recent air warfare. tl;dr: amateurs talk about planes, professionals talk about situational awareness. Both sides (and outside observers) now learning from the outcome.

4/ "Why US tariffs haven’t been passed through even more to higher US prices? -effective rate today is “only” 8.8% now...but the effective rate is about to double - radical volatility of the tariffs ended; now seem “permanent” →Conjecture: pass through will accelerate this quarter"- Richard Baldwin

More breaking news on an already eventful day! This gives President Trump new opportunities regarding the Federal Reserve’s Board of Governors, including the possibility to nominate in the next few days a de facto “shadow chair” should he wish to do so…. 1 of 2

"Around 55 percent of arms imports by European states between 2019–2023 came from the US, up from 35 percent between 2014–2018." NEW @dzurstrassen.bsky.social reviews the persistent obstacles of European defense policy, from the EU's founding to the SAFE program.

The mass unrest during the summer of 2020 “certainly did not cause the sacking of the Capitol,” @chatterton.bsky.social argues. “But that winter siege amounted to an outgrowth of the summer revolt—the rotten fruit of imitation.”

Une analyse fine de cette débâcle et de ce qu’elle appelle comme sursaut. legrandcontinent.eu/fr/2025/07/2...

It was all written for a moment. This EU-US deal should not be a surprise ip-quarterly.com/en/how-eu-bo...

How the EU succumbed to Trump’s tariff steamroller

In what must be my most poorly timed newsletter publication time ever, this week’s MFN is about why it’s actually quite difficult to compare Japan’s deal with Trump and the UK’s deal with Trump. (Japan has seemingly done some clever things.) mostfavourednation.substack.com/p/turning-ja...

EU and US locked in talks ahead of key Trump meeting with von der Leyen

Did you know that the bilateral current account between the EU and the US is roughly zero? You thought the EU had a massive surplus, didn't you, just like Donald Trump does? on.ft.com/4eW25Ik

J’ai signé. Je vous invite à le faire aussi.

Non à la Loi Duplomb — Pour la santé, la sécurité, l’intelligence collective. - Non à la Loi Duplomb — Pour la santé, la sécurité, l’intelligence collective. - Plateforme des pétitions de l’Assemblée nationale petitions.assemblee-nationale.fr/initiatives/...

Great new CER paper from tech expert Zach Meyers. Zach warns the EU against giving any tech concessions to team Trump like the UK did to clinch a trade 'deal' - for three key reasons. 1/2 www.cer.eu/insights/tra...

‘In an era of growing uncertainty in American politics…closer British-French nuclear cooperation is a prudent strategic hedge,’ argues @rgwhitman.bsky.social @kent.ac.uk #BigAsk #BritainsWorld

« Massacres that would have caused a scandal a decade ago are now an almost daily occurrence. » Le bon récap de Adam Shatz

🚨 But wait, do French OATs *REALLY* trade at a spread over Italian BTPS? on.ft.com/44ARyyQ

Bonjour, que pensez-vous de mon projet de carte? Utile ou pas pour les gens qui décident de se déplacer sans avion, pour les trajets pro et perso, au départ de Lyon? @mael.kont.me

"Les marchés sont la seule corde de rappel efficace face à Trump", explique @shahinvallee.bsky.social, économiste et chercheur au Conseil allemand pour les Affaires étrangères. ⏯️ Cet extrait est issu de notre émission du 17 juillet 2025, disponible en replay : tinyurl.com/28min170725

À lire ! La loi Duplomb… ou la promotion du cancer pour toutes et tous. @sfoucart.bsky.social signe cet article édifiant

La loi Duplomb sur le fond et sur la forme www.lemonde.fr/idees/articl...

Should GCAP be opened to other countries? We asked six experts in this week’s Big Ask: ✍ @willfreer.bsky.social, Ben Goodwin, @henninghoff.bsky.social, @mcnamara-eoin.bsky.social, @salisbot.bsky.social and @shelter-jones.bsky.social #BigAsk #BritainsWorld

An international call for action just got louder: Today, 7 Nobel Laureates have issued a powerful call for a minimum tax on the ultra-wealthy in Le Monde Here’s a quick breakdown of the debate—and where things stand globally 🧵 www.lemonde.fr/en/opinion/a...

Check out our new Who's Who (or soon will be) in German foreign policy poster––a quick and handy guide to all the new faces!

A great column from @shahinvallee.bsky.social and @josephdeweck.bsky.social on how to raise defence spending while avoiding austerity.

Justice rendue pour Remi Fraisse, 11 ans plus tard, la France est condamnée par la CEDH.

A fantastic job opening